Report: Tim Cook to Step Down as Apple CEO ‘as Soon as Next Year’

Apple is preparing for Tim Cook to step down as CEO of the company “as soon as next year,” according to the Financial Times.

The company’s board of directors and senior executives “recently intensified preparations for Cook to hand over the reins,” the report said.

While the report said that Apple is unlikely to name a new CEO before its next earnings report in late January, it went on to explain that an announcement early in the year would allow for a smooth leadership transition, ahead of Apple’s…